The markets posted steep losses for the second week in a row with the Dow crashing 390 points to 15,988. Nasdaq dove 126 points to 4,488.
On the upside
Shares of Chemours (NYSE: CC) rose again.
Synutra International (Nasdaq: SYUT) chief executive Liang Zhang offered to take the company private for a premium of $5.91 per share in cash.
On the downside
Vanguard Natural Resources (Nasdaq: VNR) slashed its monthly cash distribution to common unit holders.
Stifel downgraded PROS Holdings (NYSE: PRO) from a Buy rating to a Hold rating.
Kessler Topaz Meltzer & Check filed a shareholder class action lawsuit against Osiris Therapeutics (Nasdaq: OSIR) alleging that the company and its executive officers made false and misleading statements to investors.
Falling crude oil prices weighed down shares of Kinder Morgan (NYSE: KMI).
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 41 points to 1,880. Bitcoin dropped $3 to $365.
